The European Bank for Reconstruction and Development (EBRD) on November 10 approved the provision of a four-year amortising senior unsecured loan of up to EUR 25 million equivalent to OTP Bank (Kyiv) to finance micro, small and medium-sized enterprises (MSMEs), according to the EBRD website.
“The project will enable the company to finance long-term investments of Ukrainian MSMEs in upgrading their technology and equipment necessary to meet EU standards in terms of product quality, health and safety measures and environmental preservation,” the bank said.
In addition to long-term financing, eligible sub-borrowers will receive technical assistance funded by the European Union and grant support in the form of investment incentives upon the completion of their investment projects.
